Setup snapshot
Independent BreakoutWed, May 13, 3:10 PM EDTDeveloping conviction
ONON Semiconductor Corporation
This cluster is driven by a shared behavioral theme of technological and industrial sector leaders exhibiting co-movement, reflecting a broader market rotation into innovation and infrastructure-related equities across multiple industries.
Conviction
53%
Developing conviction
Theme context
New cluster forming around $ON
Theme probability 28%
Score
42
intraday
Early confirmation
43%
igniting
What's happening
This cluster is driven by a shared behavioral theme of technological and industrial sector leaders exhibiting co-movement, reflecting a broader market rotation into innovation and infrastructure-related equities across multiple industries.
Why now
-0.57% in 60m (z=-1.08)
What confirms
Confirmation improves if $IEP follow through with it.
What breaks
This read breaks if no broader confirmation shows up around ON.
Score breakdown
Why this setup scored the way it did.
Technology
Base
0
Raw disturbance in the name.
Within theme
0
How well it fits the surrounding group move.
Residual
1
What remains after stripping out broader beta.
Edges
0
Relationship and propagation support.
Watch next
Watch $IEP for the next leg of confirmation.
Related names
Drivers
-0.57% in 60m (z=-1.08)
Volume 1.54x expected (60m)
Mention spike: 116 articles in 6h (z=3.54)